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Denver-Area MF Trades for $39M
Ranch at Bear Creek, a 201-unit apartment community in Lakewood, CO, has sold for $38.5 million. HFF marketed the asset exclusively on behalf of the seller, Aukum Group, and procured the buyer, New York-based Castle Lanterra Properties.
The property is located at 3324 South Field St., in one of Denver’s most sought-after western suburbs. The property features a unique blend of both standard flat-style units, along with spacious two and three-bedroom, two-story townhomes.
Originally constructed in 1973, Ranch at Bear Creek has recently undergone significant capital improvements, including an updated pool area, new outdoor lounge with fire pit, newly-built fitness center, full renovation of the existing clubhouse and upgrades to 63% of the residential units.
HFF’s Jordan Robbins, Jeff Haag and Anna Stevens represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition